Easily obtain TAN Registration
TAN registration is required for making tax deduction or tax collection at source, remittance of TDS payments and issuance of TDS certificates. We offer TAN registration from Rs. 499/-
TAN registration is required for making tax deduction or tax collection at source, remittance of TDS payments and issuance of TDS certificates. We offer TAN registration from Rs. 499/-
Tax Deduction Account Number or Tax Collection Account Number is a 10-digit alphanumeric number issued by the Income-tax Department (we will refer to it as TAN). TAN is to be obtained by all persons who are responsible for deducting tax at source (TDS) or who are required to collect tax at source (TCS).
As discussed above, every person liable to deduct tax at source or collect tax at source is required to obtain TAN. However, a person required to deduct tax under section 194-IA can use PAN in place of TAN as such person is not required to obtain TAN.
Consequences of not quoting TAN
TAN Section 272BB(1) provides for penalty for failure to obtain TAN and section 272BB(1A) provides for penalty for quoting incorrect TAN. Penalty imposable under section 272BB is Rs. 10,000.
Reason to obtain TAN
PAN is a 10 character alpha-numeric code issued by the Income Tax Department for persons responsible for deducting or collecting tax at source. All most all for-profit entities and not-for-profit entities are required to obtain TAN.
Tax Deducted at Source must be paid into authorized bank, quoting the TAN and using Challan 281. TDS during the preceding month must be paid before the 7th day of the following month.
IndiaFilings is a authorized TAN facilitation center. Therefore, IndiaFilings can help you obtain TAN hassle-free and quickly. Just send the TAN application along with the supporting documents and we will help you get your TAN quickly.
Salaried individuals are not required to deduct tax at source. However, individuals running a proprietorship are required to obtain TAN and deduct tax at source when required.
Once a TAN is issued, it is valid for lifetime. However, TDS Filings must be made quarterly on the 15th day of July, October, January and May. Non-filing of TDS filings within the due date will attract a penalty.
An IndiaFilings Tax Expert will prepare your TAN Application and obtain your signature in the format along with the necessary supporting documents.
Once the application is prepared, IndiaFilings will submit the TAN Application to the Tax Department. IndiaFilings is a TAN Facilitiation Center.
Once the application and the attached supporting documents are verified, the Tax Department will allot a TAN Number for your business.